Central Banking
Government officials told BoJ that economy was at ‘crossroads’
October minutes show board members called for faster tightening at meeting that resulted in hold
Zero rates and QE made bank depositors flightier – research
Asset purchases did not play out as theory envisioned, NBER paper finds
SNB could reintroduce negative rates – Schlegel
Bank sets higher bar for going below zero, but chair says it will act if price stability is at risk
Eurozone exposure to AI debt ‘remains low for now’ – Lagarde
ECB ‘closely monitors’ AI financing and financial stability implications, bank’s president notes
BIS study traces life and death of currencies since 1850
Currencies are usually created for political reasons, but ‘often die for economic ones’, authors find
EBA brainstorming ways to make capital rules competitive
Watchdog aims to provide advice on future revisions before year-end
Paraguay’s central bank credibility ‘in crisis’ over Ueno
Experts raise questions over institution’s supervisory actions and its ties to collapsed digital lender
Lawyers file Amazon deforestation complaints with AML regulators
Legal coalition demand due diligence from banks, investment funds and accountants
Czech Republic raises rates in split vote
Governor says decision, reached by 4–3 majority, is ‘fine-tuning’ to curb inflation expectations
French gridlock will test Lagarde’s successor, economists say
Appointment of next ECB chief could mark ‘turning point’ for monetary union
MAS wants financial firms to be quantum-ready by 2034
Proposal says institutions should create plans for critical systems by 2027 and migrate them by 2030
Banxico cuts rates on account of lower core inflation
Central bank makes ‘one-time’ 25bp cut, with 3–2 voting split on governing board
Gambia’s central bank criticised over expat staff policy
Nigerian diaspora organisation calls for reversal of plan to replace non-Gambian employees
BdF launches ‘Operation Savings’ video game
Online challenge aims to introduce French citizens to ‘main mechanisms of saving’
Bank of England makes first rate hike since 2023
MPC votes shift from 3–6 to 8–1 in favour of 25bp increase to 4%
Non-banks and rising debt threaten independence – Schnabel
Forward guidance was ‘too Odyssean’ during pandemic, says outgoing ECB board member
Brazil ends easing cycle following Lula’s election win
Resistance to addressing imbalances could risk ‘perennial debate’ on fiscal dominance, says economist
Laos increases scrutiny of FIs post-FATF recommendations
Central bank pledges to work with foreign bodies on sanctions and transnational crime
Atlanta Fed study finds no evidence of ‘great reassessment’
Increased job mobility during Covid explained by better pay, not higher worker autonomy, paper finds
Bhutan’s king decrees new central bank for ‘mindfulness’ city
Gelephu-based institution will be able to invest in digital assets, alongside conventional reserves
Central banks buy gold at fastest pace in two years – WGC
PBoC and National Bank of Poland added 104 tonnes in Q3
Riksbank delivers first rate hike in three years
Central bank cites rising costs stemming from conflict-driven supply disruptions
Central banks ‘lagging behind’ on tech development – Carstens
Former BIS chief urges monetary authorities to consider their role in agentic AI future
RBA rate hikes add to pressure on Australian homeowners
Tightening is main factor behind biggest drop in house prices since Great Depression, says economist